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InfoGenie Europe AG

euro adhoc: InfoGenie Europe AG
Restructuring & Recapitalisations / InfoGenie Europe AG plans further capital increase against non-cash capital contributions --- Reduced revenues and earnings expectations - business model extended to include Internet p

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Berlin, October 28, 2003. InfoGenie Europe AG, listed on the Prime
Standard of the German Stock Exchange (ISIN: DE0007472060)
anticipates a profit for the Group as a whole for the first time this
year despite the current phase of economic weakness; however, the
extent of this profit will no longer be in line with the target
planned at the beginning of the financial year. According to the
company, revenues will total about 10 million euros for the current
fiscal year, and the group is on the threshold to positive earnings
territory. Apart from the subdued macro-economic recovery, recently
enacted legislation in connection with value added service phone
numbers is also impeding business. In order to reduce entrepreneurial
risks in this sector, InfoGenie Global GmbH has therefore sold its
holding in Crosskirk S.L., Palma de Majorca. It still retains reduced
income from software license operations.
In addition, InfoGenie Europe AG is reinforcing its base by means of
further acquisitions and has extended its business model to include
the field of Internet payment systems. To this end, Munich-based
Netsales GmbH is to be initially acquired along with Click2Pay GmbH.
Netsales successfully markets advertising space on a well-known
Internet portal. Click2Pay has an exclusive license to the Internet
payment system of the same name, which was developed by Wire Card AG
by order of ebs Holding AG as a micro and macro payment solution for
European dealers and major Internet portals.
Both companies are to be integrated by means of a capital increase
derived from authorized capital against a non-cash capital
contribution amounting to a total volume of 2.225 million euros -
based on a Management Board resolution approved by the Supervisory
Board.What is required to this end is an audit certificate relating
to contributions in kind as well as presentation of the certificate
with the commercial register in order for the entry to be effected.
To the extent that the commercial register entry with the local court
can be completed by the beginning of December, in terms of the stock
exchange prospectus of early June 2003 it will be possible to avoid
further substantial costs involved in arranging for the company to
receive a stock market listing.
end of announcement        euro adhoc 31.10.2003

Further inquiry note:

InfoGenie Europe AG
Investor Relations
An den Treptowers 1
D-12435 Berlin

Tel.: +49 (030) 726102-122
Fax : +49 (030) 726102-199

Email: ir@infogenie.com

Branche: Telecommunications Services
ISIN: DE0007472060
WKN: 747206
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: InfoGenie Europe AG
Plus de actualités: InfoGenie Europe AG